Sentences with phrase «endowment funds restricted»

PAFA's purchases are being paid for by a combination of proceeds from endowment funds restricted for art acquisition and proceeds from deaccessioning.

Not exact matches

The Golden Retriever Rescue of the Rockies Board agrees to open the endowment account and restrict withdrawals to 5 % of the total fund.

The charity was founded in 1987 when Sir Edwin and Lady Manton created the American Fund for the Tate Gallery, a restricted endowment to acquire works of art from North and South America for presentation to Tate.

Since most of the academic expenses are already covered by revenue from restricted endowment funds, the understanding, recently, that donations will merely go to administrative bloat and a horribly large debt service are well - known and discourage increases in pouring money down a black hole of overpaid administrators, useless consultants, and a trust - busting bank loan that should never have been allowed and was falsely acquired by lies to the AG and the court.

[32] The museum restricts the use of its endowment fund to cover yearly operating expenses to 5 percent of the fund's value.